Actuarial ScienceCollege of Arts and Sciences

What you will learn

The work of an actuary typically involves analyzing the various contingencies (birth, death, marriage, retirement, sickness and losses due to accidents or negligence) that individuals and organizations face and their impact on the many types of financial security arrangements, both public and private. A creative aspect of actuarial work lies in the forecasting of events. Actuaries are frequently called upon to make decisions that affect the fiscal soundness of financial security programs well into the future.

When you major in Actuarial Science, your core classes will include a complete calculus sequence, as well as courses in statistics and probability.  You will take courses in Financial Mathematics, Life Contingencies, Risk Theory, and Actuarial Applications in Practice. You will also have the opportunity to take courses in Credibility Theory, Survival Models, and Property Casualty Actuarial Science.

Career Opportunities

As an actuarial science major, you will use your skills to design, price and value financial security systems such as insurance and retirement plans. Your work would typically involve analyzing various contingencies (birth, death, marriage, retirement, sickness, and losses due to accidents or negligence), which face society, and their impact on the many types of financial security arrangements, both public and private.

Nebraska graduates have obtained jobs with insurance companies and actuarial consulting firms throughout the United States and beyond. Recent graduates have taken positions in Lincoln, Omaha, Des Moines, Kansas City, Chicago, and New York City!

The NEBRASKA difference

The UNL Actuarial Science program is recognized as a Center of Actuarial Excellence by the Society of Actuaries. Being in the first group of schools awarded this prestigious designation emphasizes the programs strong academic curriculum, tenured faculty, connections with industry, and high quality graduates produced each year.

Our Actuarial Science Program is a part of the Finance Department in the College of Business Administration. We offer all undergraduate courses to majors/minors in both the College of Business and the College of Arts and Sciences.

Internships / Clubs

All actuarial science students are encouraged to join the UNL Actuarial Science Club, and actively participate in its activities. The purposes of the Club are to: provide students with a better understanding of the actuarial profession and the types of employment available in an actuarial career; promote actuarial science in educational institutions; assist students in preparing for the professional actuarial examinations; and foster close relationships among students in the common pursuit of an actuarial career. In addition, the Club regularly participates in service activities such as Relay for Life and the Big Event.

Alumni / Faculty

  • Alumni and friends of UNL's Actuarial Science Program have contributed much to UNL’s Actuarial Science Program, both financially and in an advisory capacity through Advisory Board for UNL’s Actuarial Science Program. Alumni and friends also contribute significantly to the actuarial profession through service on various committees of the American Academy of Actuaries, the Casualty Actuarial Society and the Society of Actuaries, and Board officer positions.
  • All actuarial science faculty members have both actuarial and academic credentials. Faculty members have received awards and special recognition for their outstanding teaching and contributions to students, as well as their contributions to the actuarial profession. Faculty members have also served in leadership positions in the actuarial profession.

Facilities

The Actuarial Science Program provides supplemental academic support through a corps of actuarial science student tutors who meet students in the actuarial science tutor room.